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RE: EXODUS Wallet Upgrades In This Week! - Some more good ones folks!! DECRED token added, Bugfixes. Exchange Features tweaked. Details below.

in #cryptocurrency • 7 years ago

Was thinking of you today. Had to meet with my stock guy to do a sale. (How weird is THAT!?) Anyway, I quizzed him on crypto. He, predictably, knew nothing. His first question was what was it's ticker name on the Stock Exchange and he got stuck there. Would only discuss it if I could convert crypto to cash.

Sort of reminded me of your visit with the bank VP... and I was chuckling all the way back to my car. ;~D

7 years ago in #cryptocurrency by
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     7 years ago 

    Oh, that is funny. These are supposed to be financial people. The people who hear about financial news before anyone else...or so that's the myth. They are in for a rude awakening. Crypto to Fiat or Stocks. Laughable.

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     7 years ago 

    Exactly! Some masters of the universe, huh...? Pfffft...

    Cracked me up, I even had him pull up Poloniex and showed him Steem & SBD on THAT exchange. STILL didn't click with him and he kept trying to tie back to fiat or stocks.

    He's a good example, maybe, of not understanding because his paycheck depends on him not understanding...

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       7 years ago (edited)

      You may already know this...

      Commissions: When a broker whose working on commission basis recommends a certain fund, annuity or any other investment product, there’s a sales charge that comes right out of your pocket (a sales load, which can run 3-6% of your investment right off the top). Or sometimes the company whose product he or she is recommending pays the broker’s commission as a ‘marketing expense’ for that company. Think of it as a kick-back.
      Either way, commissions create a conflict of interest for the advisor. Why? This broker or advisor has a big incentive to recommend the option that pays him/her the most whether or not those investments are really best for you, the client.
      _http://www.pamkrueger.com/how-does-my-financial-advisor-make-money/

      Stay away from these kinds of financial planners at all cost!

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       7 years ago (edited)

      I figured it was something like that. I inherited some (petro) stock from Mom. I had to open an account somewhere to cash it in. I only left a dinky amount in a green ETF. Sort of set it and forget it. So, when a hefty bill came up I called him to sell. (He's a new guy. My old guy retired and passed me on...) I don't think he expected our first meeting to go quite the way it did.

      Poor dear doesn't realize he has me leaning for towards a full cash out. Lol!

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